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st of Waterways' accounts and their balances for the month of November 2016 follows A partial Accounts Receivable $275,000 Advertising Expenses 54,000 Cash 260,000 16,800

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st of Waterways' accounts and their balances for the month of November 2016 follows A partial Accounts Receivable $275,000 Advertising Expenses 54,000 Cash 260,000 16,800 Depreciation-Factory Equipment Depreciation-Office Equipment 2,400 Direct Labor 42,000 16,800 Factory Supplies Used Factory Utilities 10,200 Finished Goods Inventory, November 1 72,550 Finished Goods Inventory, November 30 68,800 Indirect Labor 48,000 Office Supplies Expense 1,600 Other Administrative Expenses 72,000 Prepaid Expenses 41,250 38,000 Raw Materials Inventory, November 1. Raw Materials Inventory, November 30 52,700 Raw Materials purchases 184,500 47,000 Rent-Factory Equipment Repairs-Factory Equipment 4,500 Salaries 325,000 Sales Revenue 1,350,000 Sales Commissions 40,500 Work in Process Inventory, November 1 52,700 Work in Process Inventory, November 30 42,000 A list of accounts and their values are given above. From this information, prepare an income statement

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